Guernsey

Retirement | 16 Apr 12

Guernsey Finance has reacted angrily to the decision by HM Revenue & Customs to de-list nearly all of the islands QROPS last week, calling it an unjust attack on the jurisdiction.

Retirement | 12 Apr 12

An association representing Guernseys pension providers this evening issued a statement saying it was extremely disappointed at the way an HMRC review of QROPS providers had caused the number of the islands qualifying recognised overseas pension schemes to drop to three from 312, with the publication of its latest list, and called for clarification as a matter of urgency.

Retirement | 11 Apr 12

News that HM Revenue & Customs is taking a harder line with third country UK pension transfers to Guernsey has been met with surprise by many in the QROPS industry but possibly not as much as might be expected.

Retirement | 10 Apr 12

HMRC has informed Guernsey officials that going forward, Guernsey pension providers will only be permitted to accept transfers of the UK pensions of Guernsey residents, a Guernsey government statement has revealed.

United Kingdom | 2 Apr 12

Rothschild Trust Guernsey, an arm of the global, family-owned Rothschild Group, has announced it will cut around 20 jobs from its current staff of 60 over the next six months.